Tharimmune Abandons Acquisition of Intract Pharma

Dow Jones11-22

By Dean Seal

Tharimmune said it has terminated its non-binding letter of intent to combine with Intract Pharma.

The clinical-stage biotechnology company said in September that it had signed an exclusive letter of intent to acquire all outstanding shares of the privately held Intract in exchange for newly issued Tharimmune stock.

According to a securities filing on Thursday, Tharimmune has provided Intract with notice that the letter of intent has been nixed.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

November 21, 2024 18:08 ET (23:08 GMT)

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